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Fed’s Kugler says data will drive Fed policy choices amid uncertainty

  • Fed’s Kugler tells CNBC data driving Fed policy
  • Fed’s Kugler sees economy in good place, job market resilient
  • Fed’s Kugler watching for evidence inflation easing again
Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what the economy will deliver in 2025 and will let upcoming economic data drive the course of monetary policy.
In light of Fed forecasts last month for fewer interest rate cuts in 2025, “there is a view that we can take our time, to slow down” and be more “gradual” while watching the data to see if sticky inflation pressures start to ease again, Kugler said in a CNBC interview.
If the resilient job market starts to lose steam, however, “we would be ready to act in a different direction” with monetary policy, she said. “We’re always responding” to what happens in the economy “and seeing what is happening in front of us,” the official added.
In the interview, the central banker said the economy is in a good place and while the job market has cooled, it remains resilient with a still historically low unemployment rate.
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